Last year, don’t forget, Dak … “. That will again be a major talking point this time around, but compensation has now re-entered the chat, considering the five-year, $175 … Prescott's contract is worth $31.409 million and is fully guaranteed. This time around, though, Dak Prescott will make $37 million on that tag if in fact he plays under it. This would be the Kirk Cousins scenario from Washington at work again. In a contract saga that has lasted for two years, it seems the Cowboys are very aware of what’s at stake this offseason. Like us on Facebook to see similar stories, New York Covid-19 variant expands reach in U.S. with 735 cases, Texas utility files for bankruptcy after $2.1 bn power bill. Dak Prescott’s Contract History. Dak Prescott current contract is a 1 year deal earning $31,409,000 per year playing for the Dallas Cowboys, including $31,409,000 guaranteed minimum salary, and a yearly basic salary of $31,409,000. Show full articles without "Continue Reading" button for {0} hours. Watson's contract gives the Cowboys a good way to structure Prescott's. Prescott, who is slated to become a free agent, has been in talks with the Cowboys about a long-term contract extension that would pay him around $40 million a year. March 1, 2021 admin Dak Prescott, Dallas Cowboys, Football, Heavy on Cowboys, NFL 0. Prescott already go $31.4 million guaranteed over one year, so in essence, a four-year deal would serve as an extension. Cowboys Insider Raises New Issue in Dak Prescott Contract Negotiations Share on ... a guy who’s gone to the Super Bowl two years in a row. The Cowboys can create similar short-term flexibility with their cap and stay out of any kind of bind. If Prescott gets tagged again in 2021, then his tag value would skyrocket to $54.4 million in 2022, well above the top of the QB market. That would get Dallas to about $36.7 million under the cap in two moves, meaning they can make the tag work on Prescott by cutting one more player. Effectively, that is the “contract” Prescott is already playing under. They could recoup another $10.5 million there. Contract Length: The biggest sticking point in last year's negotiations was length of contract. Recently, a tweet went viral among Cowboys’ fans that “reported” a 5-year … With this six-year setup, Prescott would have $115 million in his pocket for just signing his name on the contract. Bottom line, it wouldn't be the worst thing for the Cowboys to tag Prescott again, but after doing it once as the easiest solution in 2020, they would be much better off finally hammering out the long-term contract before March 9. Cousins ended up getting signed by the Vikings for three years at $84 million, all guaranteed. Dak Prescott's contract, explained: Cowboys weigh doubling down on franchise tag vs. a long-term deal Vinnie Iyer 1 day ago Retired firefighter dies … A third tag from Washington would have increased his value by 44 percent to $34.6 million in 2018, making it certain he would hit free agency. That would force either the Cowboys or another team to give him a high-end long-term deal, assuming he puts up a durable and productive comeback season. Dak Prescott and his people would prefer a four-year contract at the same average annual salary. Prescott might be wary of trying to do the same coming off his ankle surgery, but before the fluke of getting hurt against the Giants, he did start and finish every game healthy for four and a quarter seasons since entering the league as a fourth-round draft pick in 2016. The two-week window to apply to the franchise tag on the pending NFL free agent has opened in 2021, with March 9 as the deadline for Dallas to do so, if it so chooses. Last year, the talks bogged down over the length of the contract; Prescott wanted four years, the Cowboys wanted five. performance (in blue, as measured by OTC's Valuations), cash that is due to the player in the next season (in red), Entry: 2016 Draft, Round 4, #135 overall (Cowboys), 2021 Salary Cap Charge: $0 (0.00% of cap), Contract Value: $31,409,000 ($31,409,000 APY). The issue with doctoring his contract is that the team would be putting quite a heavy cap hit on him for subsequent years. Either they sign Dak Prescott to a contract extension this offseason or their star quarterback will walk out the door in free agency in 2022. They’ve pushed the task of paying Dak Prescott for years and now they’re approaching the end game. Right now, Patrick Mahomes is the only player in the NFL whose contract averages over $40 million per year, with his 10-year, $450 million contract averaging $45 million yearly. That would come with $7.2 million in additional relief. Cowboys Insider Raises New Issue in Dak Prescott Contract Negotiations. The Cowboys would be forced into some tough decisions with other veterans by looking to tag Prescott and also will have zero cap space to do anything else in free agency, with either their own or outside players. If Dak Prescott and the Dallas Cowboys can’t reach an agreement on a long-term contract by this date, Prescott plays on the tag in 2021. … If Dak is “franchised” again, it will be a one-year, $37.7 million deal. In a contract saga that has lasted for two years… MORE: The NFL's highest-paid players for 2020. They know they’ve been talking about this for two years and that people don’t believe them — … Dak Prescott currently plays position QB for Dallas Cowboys in the National Football League, the senior football league in the United States.This year (2020), Prescott is earning a … After spending four years playing football for Mississippi State University’s Mississippi State Bulldogs, Prescott decided to enter the 2016 NFL Draft. This year, Prescott should hold even more firm on a a four-year … That would mean he has earned $69.1 million in guaranteed money in two years, and the Cowboys still would have showed faith in him as an elite, durable QB despite an ankle injury limiting his 2020 season to five games. The NFL-wide salary cap will have a floor of $180 million for teams, with a ceiling that isn't much higher than that. Because of that being significantly lower as an average annual salary vs. the best on the market, don't be surprised if Prescott is bumped to an average of $40 million per season, or $160 million total over four years. Both of those 2017 first-round QBs signed their mega deals late last summer right before the 2020 season. From Prescott's perspective, a second consecutive tag isn't too bad. The clock is ticking for the Cowboys again to sign quarterback Dak Prescott. Prescott had leverage over the Cowboys last offseason, when he sought a four-year contract worth just over $35 million annually. The Cowboys can do that with two players, which also should make them think about moving on from aging left tackle Tyron Smith. Cousins was tagged in consecutive offseasons as a non-exclusive franchise player, making $20 million guaranteed in 2016 and bumping up 20 percent to $24 million guaranteed in 2017. Prescott played under the exclusive tag last season and earned $31.4 million guaranteed. The Dallas Cowboys are in a predicament. In May 2016, he agreed to a four-year $2.72 million contract with the Dallas Cowboys. Top 50 NFL free agents for 2021, best players by position. This website is not affiliated with the NFL, NFLPA, or any individual NFL franchise. Dak Prescott’s future with the Dallas Cowboys is once again a topic of discussion in the NFL community. To see interactive and more in-depth use of OTC Valuation data, subscribe to OTC Premium. He was chosen in round 4 as the 135th overall pick. That would translate into five years, $191.4 million when including 2020, making the true average $38.3 million, which seems right as it's a little more than what Prescott would get on the tag in 2021. The question here becomes how the team negotiates. If they would like to keep Tyron Smith and still clear enough cap space, then they can cut cornerback Anthony Brown, punter Chris Jones, defensive end Randy Gregory, tight end Blake Jarwin and a few bottom-roster players to go with Jaylon Smith. Rumors surround the 27-year-old’s contract, some speaking about how he is being offered the same contract he once refused. Add up those three years, and you’re at $123.4 million for three years. Around $75 million guaranteed at signing and $115 million total guaranteed would make a lot of sense in relation to $160 million overall value. But the Cowboys reportedly stuck to a five-year … They’ve gone underground. The contract doesn't jumps to $40 million-plus against the cap until 2022 and 2023. Mahomes ended up averaging $45 million per season, getting $63 million guaranteed at signing with more than $141.5 million total guaranteed. This year, should the Cowboys tag him again, that number would jump up by 20 percent to $37.7 million. Otherwise, they might come dangerously close to letting Prescott hit the open market in NFL free agency. “They are dug in with Dak Prescott. Reports are Prescott wants a shorter deal, so think more in the Deshaun Watson four-year range (at $156 million) than the Patrick Mahomes 10-year range (at $450 million). Either they sign Dak Prescott to a contract extension this offseason or their star quarterback will walk out the door in free agency in 2022. With the NFL league year set to officially begin on March 17, that means were are going to be hearing a lot about the contract negotiations between the Dallas Cowboys and quarterback Dak Prescott. For now, the Cowboys are in pretty good shape, ranked 12th in the league at around $19 million under the cap. Fisher also outlines the ins and outs of the current ask and what it means. And he would be back on the market at age 31. The Cowboys and Prescott would prefer to agree on a long-term deal, however, to both have him under contract beyond one more season and lock up bigger overall guaranteed money in relation to the top of the QB market. From '16 until being extended in '20, Cousins got the equivalent of a five-year deal worth $128 million, all guaranteed. Dak … To understand how to read the diamond, read this explainer. Dallas Cowboys Contracts: Analyst Chris Simms Says 'Dak Prescott Wants $45M For A 5th Year'; Here's What That Means Dak Prescott is looking for a monster contract from the Dallas Cowboys, and the latest reported offer might be the one he eventually inks. The Cowboys were insistent on a five year deal while Prescott only wanted to sign for four years… Contract Notes Dak Prescott sign the exclusive franchise tender on June 22, 2020. Cousins "bet on himself" and hit the jackpot. Dak Prescott wants a four-year deal, while the Dallas Cowboys would prefer it to be a five-year one. Weeks not plotted indicate that the player was inactive or on a bye. Microsoft and partners may be compensated if you purchase something through recommended links in this article. The Texans, with Watson's extension, reduced his initial cap hit to $9.8 million in 2020 and $15.9 in million in 2021, should he stay with the team. That would be the third highest salary cap figure ever; it would also mean he … ) “reported” on Monday that Dallas plans to offer Prescott a five-year, $175 million contract. With all the Dak Prescott discussion dominating the news cycle today with so many ranges of opinions I wanted to go back and look at some notable 2 nd contracts signed in the last 8 years and if they can give us a more logical way to look at the situation.. Jared Goff, September 2019, $33.5 Million/4 Years The chart below illustrates the trend of the player's weekly OTC Valuations (in blue) from the most recent season, using APY (in green) and, if applicable, cash that is due to the player in the next season (in red) as benchmarks. Here's a look at how Dallas is positioned to go down either avenue with Prescott's contract: MORE: Top 50 NFL free agents for 2021, best players by position. That said, they cannot afford the cap hit tied to tagging Prescott at $37.7 million without restructuring contracts and releasing of players from their deals. The diamond is a scatterplot graph that visualizes the relation of the player's APY (in green) and performance (in blue, as measured by OTC's Valuations) to the rest of the league at his position. Their most logical source of savings would be to designate linebacker Jaylon Smith as a June 1 cut after a shaky season. Watson ended up averaging $39 million a season, with $73 million guaranteed at signing with $110.7 million total guaranteed.